Menu

Subscribe

Corzine spokesman says AG’s office found no connection between two hedge funds

A spokesman for Gov. Jon Corzine's re-election campaign says that the state Division of Gaming Enforcement conducted a forensive review of Texas Pacific Group (TPG) and its affiliates and "found no financial connection between TPG and TPG-Axon."

"In fact, not a single one of the other 22 jurisdictions that regulates Harrah's casinos around the nation that conducted similar reviews found any such connections," Corzine spokesman Sean Darcy told PolitickerNJ.com.

Following a Star-Ledger story suggsesting that Corzine has a stake in a hedge fund connected to the ownership of four New Jersey casinos, Republican gubernatorial candidate Christopher Christie and three Republican legislators said today that Corzine might be in violation of a state law that prohibits public officials from having any financial connection to the casino industry.

Corzine told the Star-Ledger that his investment in with TPG-Axon and is not related to its sister company, Texas Pacific Group (TPG), even though they share the same office and personnel.

Darcy says that GOP attacks on Corzine is an attempt to move attenton away from Christie's $46,000 personal loan to Michele Brown, who was a top official at the U.S. Attorney's office when Christie was the federal prosecutor.

"Christie and the rest of the Bush Republicans have clearly joined with Tom Wilson to try and create a distraction from having to answer for Christie's disturbing history of failing to report a loan on his financial disclosure forms or tax returns and flouting his authority at accident scenes to escape consequences. Christie continues to have one set of rules for himself and another for everyone else," Darcy said.